2018 Multifamily Construction Starts

Year-over-year comparison of multifamily housing construction starts across the top 10 metros, updated twice a year.

$ in billions

Source: Dodge Data & Analytics

Data by Robert Murray, chief economist, Dodge Data & Analytics

The top ten metropolitan areas for multifamily housing construction starts mainly increased in the first half of 2018, with only four markets displaying decreased activity compared to the same interval in 2017. The Boston-Cambridge-Quincy, Mass.-N.H. metro led the way, posting the largest increase, up by 146 percent, from $954 billion to $2.3 billion. Miami-Fort Lauderdale-Miami Beach, Fla. followed with a 95 percent growth, from $1.4 billion to $2.8 billion, while the Seattle-Tacoma-Bellevue, Wash. metro posted gains of 66 percent, from $1.4 billion to $2.3 billion year-over-year.

Multifamily housing construction starts dropped by 51 percent or by roughly $1.4 billion in the Los Angeles-Long Beach-Santa Ana, Calif. metro area, from $2.9 billion to $1.5 billion. The Atlanta-Sandy Springs-Marietta, Ga. metro also recorded declines, with construction starts falling by 33 percent, from $1.5 billion in the first half of 2017 to $999 million in the first half of 2018.

—Posted on Dec. 17, 2018


$ in billions

Source: Dodge Data & Analytics

Data by Robert Murray, chief economist, Dodge Data & Analytics

The top ten metropolitan areas for multifamily housing construction starts mainly decreased in 2017, with only two markets displaying increased activity compared to 2016. The Atlanta-Sandy Springs-Marietta, Ga., metro led the way, posting the largest increase of 26 percent, from $2.3 million to $2.9 million. San Francisco-Oakland-Fremont, Calif., followed with a 3 percent growth, from $2.9 million to $3 million year-over-year.

Multifamily housing construction starts dropped by 51 percent or by roughly $2.8 million in the Miami-Fort Lauderdale-Miami Beach, Fla., metro area, from $5.5 million to $2.7 million. The Boston-Cambridge-Quincy, Mass.-N.H. metro also recorded declines, with construction starts falling by 30 percent, from $4.1 million in 2016 to $2.9 million in 2017. The Dallas-Fort Worth-Arlington, Texas, metro recorded a decline of 27 percent, followed by Chicago-Naperville-Joliet, Ill.-Ind.-Wis. (down by 24 percent).

—Posted on July 11, 2018